07 Mar '11, 3am

Asian stocks mixed at midday

TOKYO JAPANESE shares opened 0.62 per cent lower on Monday, following a fall in US stocks on soaring oil prices and the resignation of Japan?s foreign minister, brokers said. The Nikkei index of the Tokyo Stock Exchange opened down 66.69 points at 10,626.97. It lost 1.31 percent in the first 40 minutes of trade. SHANGHAI Chinese shares rose 0.89 per cent in early trade on Monday on expectations of no further interest hikes in the short term after a top official reiterated inflation likely slowed in February, dealers said. The Shanghai Composite Index, which covers both A and B shares, was up 26.31 points at 2,968.62. HONG KONG Hong Kong shares fell 0.09 per cent in early trade on Monday, with the Hang Seng Index shedding 21.73 points to 23,387.13. New extended trading hours started Monday, with the market opening 30 minutes earlier at 9.30am (0130 GMT, 9.30am S'pore time)....

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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